 "V P Mahendru, CMD, Eon Electric Ltd")
Driven by an ambitious ‘Power for All’ by 2019 target, the Government has been doing everything to boost electricity output, including solar power generation and the promotion of energy-efficient lighting systems such as LED lighting. As per the ‘2016 Indian Lighting Market Report’ by LEDinside, the country’s LED lighting market was projected to expand by 47.1 percent year on year (YoY) by end-2016, reaching $ 1.14 billion.
Based on the government’s push for ‘Make in India’, one expects some fiscal and policy incentives in the upcoming Union budget 2017-18. This will help in creating a somewhat level-playing field for domestic lighting
